NMIMS SEM 2 JUNE 2024 SOLVED ASSIGNMENTS

Business Communication

1. John is ready to travel for his new assignment to India. While he had been visiting India often during last 3 years of company expansion, he had been communicating primarily with his colleagues. But in his new role as a business head in Hyderabad, his responsibilities include being directly involved in customer and distributor communication. John will be delivering some formal presentations to the customers and will be conducting some semi-formal meetings with potential distributors. All these interactions will be in mixed groups. John obviously does not know the language spoken by these people and hence is worried about the difference in his accent being understood by those people and vice versa. Please share some tips and insights for communicating across cultures.

2. Malti is a manager with Taraasha Inc. A high-end jewelry designer company. The company is more into exporting and customizing jewelry for celebrity customers, Malti thinks, it will help them to make more ready to wear sets, jewelry pieces and participate in high end exhibition events. Her boss asks her to submit a report for the same idea. Malti knows that while she will have to present an objective report about her findings based on her observations, she must make this document more in the form of a proposal. Please help Malti with some clarity on drafting the content for a report and proposal.

3. Saanvi is appointed to conduct writing workshops for teenage students. The participants come from a good understanding of literature studies and understand linguistics very well. While checking on the students’ previous work, Saanvi understands that the students’ level of use of language is very well developed, there are some weak spots in how they develop ideas. Answer two questions given below based about developing messages.

a. Describe in detail five techniques for developing paragraphs.

b. List five techniques for writing effective messages for mobile devices.

Business Law

Q1. “India’s growth as a developing nation depends on how it leverages the conscious exploitation its natural resources”, support the foregoing statement by highlighting important provisions and features of the law that conserves biological diversity in India along with regulating the access to Biological Resources in India.

Q2. Illustrate the composition of the Competition Commission of India under the Competition Act, 2002 and how does it handles enquiries and complaints.

Q3. Mr. Joglekar, a Mumbai citizen has found that a private developer in Mumbai has found it is hosting a cultural event its employees in Mumbai. He wants to find more information on the cultural event including the details of the guests attended so that he can identify the associates of the developer. As a citizen of India, he went ahead and filed an application under Right to Information Act, 2005 with the private developer. However, he was denied the information.

a) Can you explain why information cannot be provided to him under Right to Information Act, 2005?

b) What are the specific instances under which information under the Right to Information Act,

Essentials of HRM

Q1. Explain the purpose of HRM in an organization. Illustrate the Human Resource Management responsibilities of line and staff managers.

Q2. Why is effective recruiting a challenge for many employers? What methods can employers use to effectively recruit a more diverse workforce?

Q3. Managers are proactively improving the employee selection process with various strategies that will ideally enhance corporate success. Some of these strategies focus on improving the quality of the individuals who apply for work, as well as those individuals who are actually hired into the organization. Other strategies target the selection process itself and seek to improve the various activities involved in proper hiring. The overriding theme of these efforts is that the selection function is a key component of an organization’s strategy because the process ideally provides highly motivated and qualified employees who can ultimately impact the financial and operational well-being of a company.

Affinity a greeting card and gift company is one company that emphasizes selection. It recently developed a recruiting metric called “staffing index” that enables management to track the degree to which newly hired employees are performing as expected on the job. A series of evaluations are conducted over time, and scores are compared to obtain a longitudinal perspective on the quality of the hiring decisions.

Syntex, a prominent health company is another organization that has improved its selection activities with proper strategic planning and execution. The company’s vice president of recruitment services decided to modify hiring procedures within the organization by splitting job candidates into two basic groups. The first group of individuals was comprised of high-level professionals who would be recruited by internal staffing specialists, while the second group included various staff and line personnel who would be acquired with outsourcing contacts. This “two pronged” strategy enabled the company to save money through increased control and efficiency. These various strategic selection approaches enable companies to improve the manner in which employees are hired and placed within a hierarchy of jobs. Many other strategies could be employed in different employment situations to improve the efficiency and effectiveness of selection. Overall, these efforts should increase the degree of fit between employees and organizations and increase the completion of strategic objectives.

a) Make a comparative analysis of the two selection strategies used by the organizations discussed in the case.

b) Suggest some more new and innovative strategies which might help organizations better utilize and manage selection activities?

Operations Management

 Q1. DMart is a well-known retail chain that has gained popularity for its DMart Ready service, an online platform for grocery shopping. One of the critical aspects that contribute to its success is its robust inventory management system. Describe the concept of DMart Ready and how it differs from the traditional DMart physical stores by listing down the various inventory management techniques prevalent in the retail industry. Also, discuss the key components and strategies employed by DMart Ready in its inventory management system to ensure efficient operations and customer satisfaction.  

Q2. Explain the fundamental concept of the Theory of Constraints (TOC) and its significance in optimizing manufacturing processes. Considering a suitable example, describe the key principles of the TOC philosophy and how it can be applied to synchronous manufacturing to enhance production scheduling. Also illustrate how the concept of DBR helps in improving overall system performance, reducing lead times, and increasing throughput in manufacturing environments (Assume any industry).  

Q3. In a big multi-specialty hospital, quality management plays a pivotal role in ensuring patient satisfaction and safety. Quality management tools are vital for achieving operational excellence and maintaining high standards of healthcare services. Additionally, the operations manager has a crucial role in overseeing quality control.

(a) Explain the role of an operations manager in implementing and monitoring quality control measures in the hospital.  

(b) Discuss the various dimensions of quality in the healthcare sector and how each dimension contributes to overall patient care and experience.

Strategic Management

1) You are a mobile phone manufacturer manufacturing phones for different segments of the population. Sales for your lower segment phones is falling while sales for your higher segment is increasing. Why do you think is this happening? What could be the reasons? How do you deal with situation? Does this need any change of strategy? What changes would you do in strategy? Give valid reasons, examples while answering the questions.  

2) India has been a laggard in the world of Sports. You have been appointed as a consultant for strategy for building a sports ecosystem in India. Suggest a strategic road map to make India a sporting powerhouse.  

3) You are the marketing strategy head for a major online music service. Your business is dependent on advertising, but, despite the large number of consumers listening to your app. Advertisers have not been enthused to advertise.  

a) What strategy should you adopt to get advertisers on board? Give examples to justify your answer.

b) Create two ideas to engage with advertisers.

Decision Science

1. In the world of social media, understanding the factors that contribute to the number of likes on a post is crucial for content creators. Let’s consider a scenario where you want to predict the number of likes on Instagram posts based on two variables: the number of followers and the length of the caption.

Note: Well, you must do these calculations using EXCEL and write the interpretation of the following.

• Hypothesized regression model
• R-square adjusted
• Multiple R
• ANOVA Table
• Significance of Regression coefficients.

2. Samantha Patel, employed as an analyst in a renowned technology firm, is contemplating investing her savings in the stock market. Recommendations from her friends, who possess expertise in stock market investments, led her to consider investing in ‘TechGen’ and ‘InnovateCorp’ shares. An economist friend, Rahul Kapoor, has outlined four different scenarios regarding potential returns on Samantha’s investments. The payoff figures for one unit of share in INR for each scenario are as follows:

1. Set up the opportunity loss table based on the provided payoff figures.
2. Create a decision tree illustrating the decision-making process for Samantha’s investment. You may use any software for making the tree diagram, but a handwritten snapshot will be unacceptable.

In making of this tree show the payoff values given above only.

iii. According to Rahul Kapoor’s latest research, he has assigned the following probabilities to the four scenarios (states of nature):

P(S1) = 0.3

P(S2) = 0.4

P(S3) = 0.2

P(S4) = 0.1

Determine the Expected Monetary Value (EMV) decision based on the probabilities assigned by Rahul.

3. Using the following data and analyze in EXCEL.

Data source: RBI

a. Which pattern is visible in all the crops across these many years? Suggest appropriate chart for this pattern detection task.

b. Identify two pairs of combination of the crops having negative correlations? Which graph will help you to detect that? provide that graph also.